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lease up

1. To grant the use or occupation of an entire building or premises under the terms of a lease. In this usage, a noun or pronoun can be used between "lease" and "up." An investment group bought the entire property, kicked out the previous tenants, and leased it up at much higher rates to foreign businesses. They managed to lease up the house after it had been on the market for less than a month.
2. To be granted use or occupation under the terms of a lease. How long do you think it will take for the house to lease up in the current market conditions?
See also: lease, up

lease back

1. To rent a property from the person or company to whom one sold it. The only way we could avoid losing our home was to sell it to the bank and then lease it back again.
2. To rent a property to the person or company from whom one bought it. The government is offering to buy up properties from people with vastly inflated mortgages and lease them back to them for much lower monthly amounts.
See also: back, lease

lease (something) from (someone or something)

To rent a property from some person, group, or company. We're actually leasing the space directly from the government, who gave us a great discount on our monthly payments. I'm leasing the office from my father-in-law while I get my business set up.
See also: lease

lease (something) to (someone or something)

To rent a property to some person, group, or company. We actually lease the land to the oil companies while the dig for oil, and we get a percentage of the profit should they find anything. I'm leasing the office to my son-in-law while he gets his business set up.
See also: lease

lease something back

to sell something, then rent it from the buyer. We sold the building to a real estate firm and then leased it back. There was some tax saving involved. We leased back the building.
See also: back, lease

lease up

1. To fully lease some building: The housing agency leased up the new apartment building in record time. After the new building had been on the market for only one week, the real estate agent had leased it up. The retail spaces were leased up before construction even started.
2. To become fully leased: The new office building leased up in less than a week.
See also: lease, up
References in periodicals archive ?
110 William Street's new leasing activity includes Next Level Media Group; Wilentz, Goldman & Spitzer; Bolton St.
The leasing industry agrees with the regulators' current thinking that the right to use a leased asset is an asset and the obligation to pay rent should be capitalized, but there should also be a place for not capitalizing certain leases.
One downside of leasing can be the obligation to make all payments to end the lease--but you can mitigate that by switching to products that suit you better, rather than terminating the agreement with nothing.
The certificate provides the detailed rationale for leasing the proposed items versus selling them.
The Federal Reserve Board on August 2, 2000, announced a new education resource designed to help consumers learn more about vehicle leasing.
The TRA '97 more clearly defined the tax treatment of certain leasing arrangements, but, in general, much ambiguity remains.
commercial leasing accounts for more capital equipment acquisitions than corporate bonds, equity or commercial bank debt, and in 1995, 80% of all U.
What makes leasing so hot now is that auto dealers and manufacturers, anxious to get out of the recession doldrums, are granting bigger discounts on leases.
The concept of leasing recreational access to hunters, fishermen, and campers is now an accepted practice in much of the United States.